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The debt ceiling limit will again be reached on February 7th so the government will take “extraordinary measures” to fund the government. This means that retirement assets of federal employees, including the TSP G fund, will again be used to help fund government expenses.
Employees in the Washington, DC metropolitan area have the option of taking unscheduled leave or engaging in unscheduled telework today.
Would you like to get a 32% higher Social Security benefit? How about being able to collect ½ of your spouse’s Social Security benefit while you are still working; with no earnings test? The author explains a technique called “restricting your benefits” that can work for many FERS or CSRS employees to boost Social Security benefits.
President Obama recently issued a memorandum intended to strengthen safeguards for federal job applicants. It specifically targets individuals who are out of work or who have run into financial troubles through no fault of their own.
Stocks went down in January. Does the January indicator mean you should dump your stocks? Also, see how investing in the C fund versus the G fund may have impacted TSP account balances over the previous three years.
The new retirement savings vehicle that President Obama proposed in his state of the union address would give all Americans access to an investment that mirrors the G Fund inside of the Thrift Savings Plan, something previously only available to federal employees.
A recent memo from OPM director Katherine Archuleta directs federal agencies to implement the 1% pay increase recently granted to wage grade employees under the spending bill passed recently in Congress.
A new report from the Government Accountability Office warns of a wave of new retirements, saying that as much as one third of federal employees will be able to eligible to retire by September 2017. The report also notes that federal spending on total government-wide compensation has increased 10% over 8 years.
When you leave federal service and have a Thrift Savings Plan account, should you withdraw your money or leave it in the TSP? Here are several considerations before you make this decision.
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